Still trade if won the Lottery?

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Old Oct 8, 2009, 5:22pm   #1
 
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Still trade if won the Lottery?

If you won £20mln on the lottery this week would you still trade the markets? how much would you trade in to the markets?
How could you trade a mare £10k, £50k or £100k when you got £20 Mln?
That's the thing with trading, because you got a lot of funds, would you want to trade with a few million or more or a small amount? what if you been trading for only a year? or less? if your a Pro Trader having only traded 20k max? or 500k, You should never commit a lot, even if your new to trading.

You won't be used to trading millions for the first time right?
I'll heard of Lottery winners putting huge amounts in to the market thinking they can win loads because they commited so much expecting huge returns.

How would winning the £20mln Lottery change you as a trader? if you have everything you want? Most people trade because they have goals to reach. Would you still trade the same markets you use or move on to risky markets?
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Old Oct 8, 2009, 5:28pm   #2
 
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Very unlikely. I'd probably go and enjoy life. If I got bored and wanted to make some money i'd play high stakes poker. If i'm really bored and in need of some money then i'd probably stick a few million in and trade. Trading Fx with £1 million or £10,000 isn't going to make any difference.

Trading's a crap thing and if i'm enjoying life, can buy whatever I want and not bored then I wouldn't look at a chart again.
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Old Oct 8, 2009, 5:33pm   #3
 
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You need to protect your 20mln against inflation.
So if you know how to trade profitable, best to do this yourself.

20 years from now 20mln wont be worth much.
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Old Oct 8, 2009, 5:34pm   #4
 
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Exponentially increasing your size would be silly, you haven't become a better trader just because you're rich. I would definitely up my size a tad though, and you'd be able to be far more relaxed I'd imagine!
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Old Oct 8, 2009, 5:52pm   #5
 
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Quote:
Originally Posted by donaldduke View Post
You need to protect your 20mln against inflation.
So if you know how to trade profitable, best to do this yourself.

20 years from now 20mln wont be worth much.
What would be the best way to protect it against inflation? Gold no? FX?? Bonds?
If you had 5 million in 1940 how much would that be worth now?
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Old Oct 8, 2009, 6:02pm   #6
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Being a trader is the only thing that keeps me humble these days. I'd be lost without an honest profession.
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Old Oct 8, 2009, 6:25pm   #7
 
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Quote:
Originally Posted by LostPigeonCoo View Post
What would be the best way to protect it against inflation? Gold no? FX?? Bonds?
If you had 5 million in 1940 how much would that be worth now?
The pound held up very well between 1700 and 1930.

But after that it has collapsed..

Click the image to open in full size.
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